Reported 25 days ago
This week marks a significant turning point in Bidenomics as the Federal Reserve is set to announce a much-anticipated interest rate cut on September 18, 2024. Following months of speculation and analysis, the expected reduction from 5.5% to 5.25% signals the beginning of a gradual easing cycle, which could have far-reaching implications for the economy and the upcoming presidential election. As inflation eases towards the Fed's target, this move may bolster consumer confidence and influence voter sentiment as Vice President Kamala Harris steps into a leading role in the Democratic ticket.
Source: YAHOO